Watami (7522) Reports Earnings: Ordinary Income Jumps 193.6% YoY, Net Profit Surges 221.9%

Watami (7522) has released its latest financial results, reporting net sales of 24.159 billion yen, representing a 9.3% increase year-on-year. While operating income stood at 1.058 billion yen, down 7.1% compared to the same period last year, ordinary income surged significantly by 193.6% to 1.978 billion yen. Furthermore, net income attributable to owners of the parent skyrocketed by 221.9% to 1.621 billion yen, with earnings per share (EPS) reaching 37.46 yen.

From a financial and valuation perspective, the company maintains an equity ratio of 40.7% and a solid liquidity position with cash and cash equivalents of 9.42 billion yen, supported by a positive operating cash flow of 940 million yen. Meanwhile, free cash flow was recorded at -2.32 billion yen, reflecting ongoing investments, while interest-bearing debt stands at 27.24 billion yen and retained earnings at 7.21 billion yen.